Mulgrave office investment gave wholesale investors a 14%+ annual return
By Robert Stanley-Turner Investors received what amounted to an 14.97% pa return via a small real estate investment trust established to purchase this investment in Mulgrave in 2017. The property was purchased for $21.7M and sold for $27.82M in December 2019 and distributed 8% per annum each year, with distributions every 2 months, with investors getting their initial investment back [...]